Sold my vehicle...need some advice

• Benny The Jet

  

  I sold my vehicle to a person, and they asked if when we took it to the DMV to sign over the title, that I'd sign off saying I sold it for a lot less so the guy wouldn't have to pay as much on taxes.
  Anyone done this before? Are they pretty strict on that? Or do they not really check into it? Would I be the one getting in trouble or the guy who asked?
• GoChiefs

  

  I've done it with every car I've sold. No questions asked.
• Fab1b

  

  Yep never an issue
• said_aouita

  

  Benny The Jet;1091581 wrote:I sold my vehicle to a person, and they asked if when we took it to the DMV to sign over the title, that I'd sign off saying I sold it for a lot less so the guy wouldn't have to pay as much on taxes.
  Anyone done this before? Are they pretty strict on that? Or do they not really check into it? Would I be the one getting in trouble or the guy who asked?

  Tewll them it's a close friend and you sold it for one dollar.
• said_aouita

  

  Benny The Jet;1091581 wrote:I sold my vehicle to a person, and they asked if when we took it to the DMV to sign over the title, that I'd sign off saying I sold it for a lot less so the guy wouldn't have to pay as much on taxes.
  
  Anyone done this before? Are they pretty strict on that? Or do they not really check into it? Would I be the one getting in trouble or the guy who asked?

  Tell them it's a close friend and you sold it for one dollar.
• Ironman92

  

  Yeah....they don't know, care or check into it.
• Fab1b

  

  I actually gifted a car to my sister a few months ago
• LJ

  

  Just make sure you are both on the same page if you get a state audit letter.
  
  Where people get caught is when the seller just gets the title notarized and then the buyer fills in the rest. Then the buyer and seller will get an audit letter and the seller will put $10,000 and the buyer will put $5,000. Typically the buyer is the one who gets in trouble, because they are the one who dodged the tax
• stroups

  

  The notary could also possibly get in trouble for notarizing a title without all the information filled in.
• LJ

  

  stroups;1091610 wrote:The notary could also possibly get in trouble for notarizing a title without all the information filled in.

  The purchase price doesn't have to be filled in. That is in the application of title portion, which is after the seller's portion is notarized
• WebFire

  Ironman92;1091595 wrote:Yeah....they don't know, care or check into it.

  Yes they do. I did this once and got a letter telling the book value was X. I either had to pay the difference in tax between the price I put and the book value, or show proof of my purchase price.
  
  I mailed a check.
• NYFan54

  

  I usually "sell" my vehicles for $500 if they're not in the greatest shape
• Steel Valley Football

  Don't do it. You WILL go jail. I have your IP address.
• Mister Twister

  ^^^^^^^^^^^^^^^^^^^^^
  
  And not the country club jail. They will send you to the Federal FUCK YOU IN THE ASS prison!!!
• Steel Valley Football

  Mister Twister;1091872 wrote:^^^^^^^^^^^^^^^^^^^^^
  
  And not the country club jail. They will send you to the Federal **** YOU IN THE ASS prison!!!

  
  Or, as Con Alma calls it: recollections of my childhood visits to my uncles farm.
• 2kool4skool

  

  
• dwccrew

  

  Have done this with every vehicle I have sold with no issue.
• WebFire

  I did it with 1 with issue.
• June18

  As was stated above, the only problem is if one person does it and doesn't tell the other one. Other than that, no way for them to find out.
• lolpha

  Just another Democrat looking to avoid taxes. You should have called the cops on him, pussy.